Block of flats for sale

10 Warham Road, South Croydon, Surrey CR2

A sought-after fully licenced 12-person HMO which is currently fully let at £78,300 (bills included), which has 6x rooms with fully fitted kitchenettes and shared shower/utility rooms. The building's layout itself has the potential to convert and remodel to maximise the income, which would enable the erv on the rent to possibly increase to c.£75,000pa (bills not included and STPP) and c.£65,000pa (bills not included) with its current layout. The building itself is in good condition, with the internal floor area sized at c.2476sqft (c.230sqm) gia with further potential to extend into the loft space to add a further HMO room (subject to planning consent). The property is being sold as seen with its existing income, however, if you refer to the schedule of accommodation, you will see the full breakdown of income, including when the renewal/eviction date is per tenancy, and within the data-room, we have included the utility bills so you can see what the net income is on the bill contributions.